Breaking: Euronav NV (NYSE:EURN) “Hold” Rating Reaffirmed by Stifel Nicolaus Today; The Target is $9.0

April 17, 2018 - By Ann Prendergast

Euronav NV (NYSE:EURN) Rating Reaffirmed

The broker has just set a target of $9.0 on Euronav NV (NYSE:EURN) shares. This is 3.45 % from the last stock price. In an analyst report published on Thursday, 21 December, Stifel Nicolaus reiterated their “Hold” rating on shares of EURN.

Euronav NV (NYSE:EURN) Ratings Coverage

Among 5 analysts covering Euronav NV (NYSE:EURN), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Euronav NV has $10.0 highest and $8.0 lowest target. $9.31’s average target is 7.01% above currents $8.7 stock price. Euronav NV had 7 analyst reports since October 27, 2017 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Friday, March 23. Stifel Nicolaus maintained Euronav NV (NYSE:EURN) on Friday, October 27 with “Hold” rating. UBS maintained Euronav NV (NYSE:EURN) on Friday, January 26 with “Neutral” rating. The firm earned “Hold” rating on Tuesday, December 5 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, December 21 report. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, February 12.

The stock decreased 1.14% or $0.1 during the last trading session, reaching $8.7. About 109,503 shares traded. Euronav NV (NYSE:EURN) has risen 5.70% since April 17, 2017 and is uptrending. It has underperformed by 5.85% the S&P500.

Analysts await Euronav NV (NYSE:EURN) to report earnings on April, 25. They expect $-0.21 EPS, down 195.45 % or $0.43 from last year’s $0.22 per share. After $-0.11 actual EPS reported by Euronav NV for the previous quarter, Wall Street now forecasts 90.91 % negative EPS growth.

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company has market cap of $1.37 billion. The firm operates through two divisions, Tankers; and Floating Production, Storage, and Offloading Operations. It has a 966.67 P/E ratio. As of August 23, 2017, it owned and operated a fleet of 56 double hulled vessels, including 30 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.

Euronav NV (NYSE:EURN) Ratings Chart

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